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NSSMC chairman says 'proper' reconstruction of Ukraine won't be possible without stock market

Photo by Oren Elbaz / Unsplash

Ruslan Mahomedov, chairman of Ukraine's National Securities and Stock Market Commission (NSSMC), said in an interview with Interfax-Ukraine that the reconstruction efforts in Ukraine will not be possible without a well functioning stock market.

"I am absolutely sure that without the stock market, we will not ensure proper reconstruction of the country's economy," Mahomedov said. "Direct investments, selling mining licenses, we will not achieve the necessary result... Therefore, it is necessary to provide portfolio investment instruments that are understandable to European and global investors (shares and other corporate securities)."

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